Court : Kerala
Decided on : Mar-09-1964
Reported in : AIR1965Ker101; 54ITR50(Ker)
..... of april, 1957, a tax(hereinafter referred to as wealth-tax) in respect of the net wealth on the corresponding valuation date of every individual, hindu undivided family, and company at the rate or rates specified in the schedule.'an actual liability to pay an amount by way of tax is not what ..... . in the light of what is stated above we must hold that the exemption from tax granted to the assessee under section 45(d) of the act for the assessment years 1957-58, 1958-59 and 1959-60 was not rightly granted and answer the question referred against the assessee and !n favour ..... last day of the last of the previous years aforesaid,' the material portion of the definition of 'previous year' in section 2 (11) of the indian income tax act, 1922, reads as follows :' 'previous year' means [i) in respect of any separate source of income, profits and gains- (c) where a business, ..... see, has nothing to do with the effectuation or otherwise of the object with which those companies were formed.7. section 2(d) of the wealth-tax act, 1957, defines the expression 'assessment year'; the definition is:*' 'assessment year' means the year for which tax is charegable under section 3'.the second contention ..... 4. the first point for determination is : when was the company 'established' within the meaning of that expression as used in section 45(d) of the act? vlt was registered on the 8th november 1951. the construction of the factory, it is agreed, was completed only sometime in december 1953. according to tlie .....Tag this Judgment!
Court : Kerala
Decided on : Apr-02-1964
Reported in : AIR1964Ker277; 1964CriLJ549
..... enquiry, as a reasonable man that he had come to a true conclusion; thirdly, that the conduct of the accused, during the course of the proceedings in a court, is a relevant factor in determining his good faith; and fourthly, that if there are several imputations good faith or truth must ..... case. to correctly understand and appreciate the case a few facts about the society have to be stated: the evidence shows that on 10-7-1960 a preliminary meeting of the promoters of the society including the complainant was held at the sri chitra textiles at manacaud, trivandrum to discuss the ..... by the accused to justify the serious imputations made against the complainant in the article where the writer alleged that the appellant is guilty of acts which are more heinous and criminal than that were committed by kayamkulam kochunni and vellayani paramu, who were notorious dacoits and thieves. the allegation that ..... and whether they were not mere book entries and he suggested that a detailed enquiry be conducted under section 45 of the co-operative societies act. on this report the deputy registrar of co-operative societies suggested that the bona fides of the transaction could be ascertained only after a detailed ..... of rupees which attempt was foiled by the obstinacy of a certain officer and it went on to say that the appellant is guilty of acts which are more heinous and criminal than what are associated with the two notorious characters 'kayamkulam kochunny and vellayani paramu' and with all the .....Tag this Judgment!